Gold Weekly – 16 December 2013 – updated 2014 Jan 13

Action today suggests that prices are struggling to get through the resistance shown in the above post, and it looks like prior to the end of January gold should put in a new and by end of February should be testing $1100

Update 8 January 2013

It is highly probable that gold is in wave d-5 of D-3 as shown below.

If you look at M012ML bolded below you will see that prices have failed to close above the ML since mid November and if price this week fail to close above it then that will be the 4th failure which normally results in a strong opposite reaction, so this weeks close is critical for gold and we could see last Junes low being taken out and I would expect a spike below Q123ML for pivot D-3. Then as described in the monthly projections prices should meander between the 2 Q ML's until mid year, before dropping further.

A break out to the upside of the blue triangle will confirm last weeks low as D-3 and the ideal target for D-4 would be towards the end of January around 1270, but we need a close above the M012ML this week for that to happen, so this weeks close will clarify the near term movement for gold.

UPDATE Jan 13

Last week gold managed to close above M012ML and on the Q012ML, managed to avoid its 4th failure and broke to the upside of the blue triangle as described above and this reduces the option of being in d-5 of D-3 as prices broke out of the blue triangle shown above. This means we could sill be making an extreme wave d-4, which would be eliminated with a break above $1267.5. From a timing view d-4 should have been made last week so it is extremely likely that as described in the Jan 8 update that D-3 has been made and we are in D-4.

On that assumption ideal D-4 will be made this week from timing and price at $1293.90. There is however strong resistance at 1278, so a high there would make it highly probable D-4 is made. That late timing for D-4 would be before the end of next week around $1267.5!

I have shown final alternate count on the lows above, where it is possible that the low was W-1, which would give a high next week ideally at $1344.40, however the heavy resistance makes this option unlikely!

So there is no clear indication of where gold is going, and until we get a price break outside those given the count will remain unclear for the next 2 weeks!

With all 3 options we should get further highs before prices break down to new lows.

This weeks close must be above Q012ML to keep the W-2 option viable. A close below will make it more likely that D-4 has been made!

This is the sort of problems you get at / near the intersections of longer term ML intersections as described in the monthly update!!!! Volatility increases (extreme price swings) which often result in extreme waves, making it difficult to confirm until a clear break is made!

My Terms of Service

I have been fortunate enough to have been brought up to question and not to accept the status-quo as gospel, and encouraged to think independently and allowed to reach my own conclusion under the guidance of my parents – within rules!

The rules were that I had freedom until it effected someone else. That was where my right ended and social (family) rules took precedence. I was given the time to debate and challenge them, but the rule was that the benefit of the group was more important than my own benefit so compromise was reached!

In order to help give back to the bigger group – society as a whole – is why I am publishing this – Hopefully one day someone may find something here that can benefit society and will also pass on knowledge to increase the social memory of humans to learn from past experience in an effort not to repeat the mistakes of the past. History is a catalog of disasters – unfortunately written by the victors of the battles!

Your Duty of Care

80% of the methods, probabilities and use of cycle forks are described in the Theory Section, including terminology and wave scale key.
To further your understanding you must be at least a subscribed user in order to comment or request clarification (effort to minimize comment spam).
By using any opinions or information on this site you personally accept ALL responsibility in validation of the basis of that information and take personally responsibility should you choose to make any investment decisions based there upon.

My Privacy Policy

Assume some one is tracking you as soon as you get on the net! The ex Stazi got a thing or 2 to learn from Obama!! Think Nevada Data Center - a few hundreds years worth of data can be stored there - and if you think you have rights - think again! Those in power will do what they need to in order to stay in power - History is a cataloge!

There is a list of software and plugins used on this site - bottom of Terminology. . Please follow your duty of Care and research them to satisfy your privacy concerns. If you know of any issues please list them in the comments so that they can be addressed!

Copy Right and Intellectual Property Rights

Unless otherwise specified, Intellectual Property Rights and Copyright of information provided on this site is owned by Marc Horn.
You may not alter, modify any information, in whole or in part, in any manner whatsoever, including electronic reproduction or computer modeling, without the prior written consent of Marc Horn.
You may quote information ONLY IF IT IS FREE TO ANY MEMBER OF THE PUBLIC and linking it back to the source material on this site – give due credit.

If you are making money from using this web site then please contribute towards its up keep!

Disclaimer

The statements, opinions and analyses presented in this site are provided as educational and general information only.
Opinions, estimates, buy and sell signals, and probabilities expressed herein constitute the judgment of the author and contributors as of the date indicated and are subject to change without notice.
Nothing contained in this site is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision.
Prior to making any investment decision, you are advised to consult with your broker, investment adviser or other appropriate tax or financial professional to determine the suitability of any investment.
By using this site you agree that you personally are responsible for all your investment decisions, and fully accept the consequences of those decisions you personally make.